Current Affairs

GK MCQs Section

crude oil

Treating Formation Water

The treatment of formation water, a byproduct of crude oil excavation and processing, holds significant importance in preventing environmental pollution and promoting sustainable practices. Scientists from the Institute...

June 2, 2023

Uganda’s First Oil Drilling Program

Uganda has one of the largest oil reserves in the Saharan desert according to the International Monetary Fund. Oil was discovered in Uganda twenty years back. But the...

January 25, 2023

Oil Companies Threatening Okavango, Murchison Falls

A report titled “Who is Financing Fossil Fuel Expansion in Africa?” was released recently by a German non-profit Urgewald. About Okavango delta The Okavango delta, a UNESCO World...

December 13, 2022

Cut in Windfall Tax on petrol, diesel, ATF

On July 20, 2022, Union government reduced the windfall tax on petrol, diesel, crude oil and jet fuel, following the cut in international rates. Highlights Windfall tax on...

July 20, 2022

Indian-Brazil Alliance for Bioenergy and Biofuels

Brazil and India have agreed to work towards the development of an Indian- Brazil Alliance for Bioenergy and Biofuels and will also be establishing a virtual India-Brazil Centre...

April 23, 2022

India’s Oil production in FY22

The crude oil production of India fell 2.67 percent in the fiscal year that ended on 31st March 2022. The production of ONGC was less than the target,...

April 22, 2022

Key Facts on Oil Bonds

The government issues oil bonds to compensate the oil marketing companies (OMCs) to offset the losses that are suffered by them with the aim of shielding consumers from...

April 18, 2022

Milestone in India’s Export

India’s exports crossed the USD 400 billion mark in a fiscal year. This is the first time India’s export has reached such heights. Overview: This milestone has been...

March 25, 2022

Index of Eight Core Industries

In January 2022, compared to the same time period last year, the growth rate of eight core industries stood at 3.7 percent. The Ministry of Commerce announced this....

March 1, 2022

Govt. approves two more new Strategic Oil Reserves

In accordance with the second phase of the Strategic Petroleum Reserve (SPR) programme, the government approved the establishment of two additional commercial and strategic underground storage facilities at...

July 31, 2021

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